Riding the commodity boom

A check on the FBM KLCI’s performance shows that the local market has come out of its slumber and is up by 3.3% year-to-date, riding on the positive momentum built-up from large foreign inflows, which has reached almost RM3.62bil as buying interest among commodity-based companies remained strong.

THE recently ended fourth quarter of 2021 (Q4’21) earnings season was indeed a decent quarter, led by a strong performance among some of Malaysia’s largest companies, especially in the resource-based sector, on the back of firm commodity prices, as well as from the banking sector.

Notable surprises were also seen among selected property-based companies in the Q4 period as the Home Ownership Campaign came to an end on Dec 31, 2021.